That could mean you either 1) serve them with notices to quit; 2) raise the rent to market or above; or 3) require a term lease (one year, six months, whatever you like) using your form and with T's and C's you're comfortable with. 

Am a single parent with two kids, one of whom is about to enter college; can't afford to make a silly mistake.  

I think the biggest concern I have is that you are calculating your "cash flow" without factoring in ALL you expenses.Lets say you are "losing" $1000/month....but it would cost you $1200 to live somewhere else.... so you aren't really losing that full $1000/month....since you have tax benefits, equity, possible appreciation etc etc.......but do you have the cash to deal with that "loss" and be able to afford the expense that will come up..... the upkeep, repairs, rehabs, turnover etc etc.....other expenses WILL come up....not IF but WHEN....When you are accepting short term "loss", you are counting on a long term payoff, often via appreciation....plus you have to have deeper pockets to weather that loss for extended periods

I want to move her out, rehab, move in a higher paying tenant and brrrr the S@&T out of this place.

Another way to make the RC more affordable is by increasing the deductible.  

They are in a rush to move out as they can no longer afford the payment.

Why not look at other schooling options that can be afforded. 

In my Chicago market under $600k has a ton of people who can afford it while a $1.2 million deal is still competitive but smaller buyers pool and typically can get a better ROI on it.

Originally posted by @Peter T.

I thought that Trump came out with new options of affordable high-deductible health insurance plans but I can't seem to find anything.